The stockholders' equity accounts of Crane Corporation on January 1, 2025, were as follows. Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($10 stated value, 800,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (8,800 common shares) Mar. 1 June 22 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Dec. 1 1 31 Sept. 1 Declared an 8% cash dividend on preferred stock, payable October 1. Oct. Date Mar. 1 $500,000 June 22 1,480,000 Sept. 1 59,000 820,000 840,000 70,400 Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Issued 6,100 shares of common stock for $90 per share. Purchased 1,100 additional shares of common treasury stock at $11 per share. Account Titles and Explanation Paid the dividend declared on September 1. Declared a $0.80 per share cash dividend to common stockholders of record on December 15, payable December 31, 2025. Determined that net income for the year was $125,000. Paid the dividend declared on December 1. Debit Credit

The stock holders equity accounts of Crane Corporation on January 1,2025 , were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockhoiders equity. Mar. 1 Issued 6,100 shares of common stock for $90 per share lune 22 Purchased 1.100 additional shares of common treasury stock at $11 per share. Sept. 1 Declared an 8% cash dividend on preferred stock, payable October 1. Oct. 1 Paid the dividend declared on September 1. Dec. 1 Declared a $0.80 per share cash dividend to common stockholders of record on December 15, payable December 31. 31 Determined that net income for the year was $125,000. Paid the dividend declared on December 1. Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings, (Recard foumal entries in the order presented in the problem. Credit account titles are automutically indented when amount is enternd Do not indent manually If no entry is roquired, select "No Entry' for the account titles and enter O for the amounts. List all debit entries before credit entries)